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South Africa halt Pakistan run in tense series

South Africa defended its total of 188-3 after two thrilling final overs

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South Africa's captain David Miller (L) celebrates with teammate Beuran Hendricks (2L) after getting the wicket of unseen Pakistan batsman Fakhar Zaman - AFP

South Africa have ended Pakistan’s record run of 11 straight T20 series victories with a narrow 7-run win at the Wanderers Stadium in Johannesburg.

The result gave the Proteas an unassailable 2-0 lead in the three-match series and saw Pakistan slip to defeat in a bilateral T20 series for the first time in three years.

South Africa defended its total of 188-3 after two thrilling final overs, when four Pakistan wickets fell and the tourists finished on 181-7.

Chris Morris took two wickets for South Africa in the penultimate over and Andile Phehlukwayo added two more in the last over.

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Politics

Zuma’s lawyer says he will attend ‘prejudiced’ graft inquiry

Jacob Zuma, who was forced out of office last year over corruption allegations, has denied any wrong doings

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Jacob Zuma will attend ‘prejudiced’ graft inquiry -lawyer
Former South African President Jacob Zuma speaks with his lawyers at the High Court in Pietermaritzburg. (Photo by Themba Hadebe / POOL / AFP)

South Africa’s former president, Jacob Zuma, will attend a judicial inquiry into government graft during his tenure even though he believes it is prejudiced against him, his lawyer said.

Zuma’s lawyer Daniel Mantsha, on Tuesday, said:

“He is going to the commission as invited from July 15-19.”

However, “our client remains of the view that the commission is prejudiced against him and lacks the requisite impartiality,” Mantsha wrote separately in a letter to the inquiry seen by reporters.

It wasn’t specified in the letter if Zuma would testify or answer questions. It described last week’s invitation from the commission for Zuma to attend – in which it said he had been implicated in graft by at least nine witnesses – as part of a “disinformation campaign”.

The primary brief of the inquiry is to investigate corruption allegations, notably at state firms Eskom and South African Airways, which are in serious debt after years of mismanagement.

It is reviewing accusations that three prominent businessmen – brothers Atul, Ajay, and Rajesh Gupta — unduly influenced Zuma during his presidency about political appointments and the awarding of state contracts.

Jacob Zuma, who was forced out of office last year over corruption allegations, has denied any wrongdoings.

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Business News

Zimbabwe declares interim RTGS dollar sole legal tender

The RTGS dollar was introduced in February 2019 as a first step towards a new currency by the year’s end

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Zimbabwe declares interim RTGS dollar sole legal tender
(File photo)

Zimbabwe has adopted its interim currency as the country’s sole legal tender on Monday in a bid to stem black market demand for foreign currencies.

The RTGS dollar was introduced in February 2019 as a first step towards a new currency by the year’s end. This is a main part of President Emmerson Mnangagwa’s plan to stabilise an economy racked by inflation and widespread shortages.

According to the official statement, “the British pound, United States dollar, South African rand, Botswana pula, and any other foreign currency shall no longer be legal tender alongside the Zimbabwe dollar in any transactions in Zimbabwe”.

The latest variation of the domestic currency, the RTGS, has struggled to gain trust among large corporations and everyday Zimbabweans. Economic analysts fear 2009 may repeat itself with the interim currency.

Last week, the International Monetary Fund (IMF) requested that the central bank allows the RTGS to float freely so that exporters could sell dollars at the interbank rate rather than surrender them to the central bank

On the official interbank rate, the RTGS currency was pegged at 6.2 but on Monday, it traded between 11 and 12 against the dollar on the unofficial market.

But, Zimbabweans are complaining that goods and services are still being priced in other currencies. While more than 80% of Zimbabweans earn RTGS dollars, goods ranging from bricks to rentals, car parts and many groceries have their prices pegged in U.S. dollars.

Inflation has climbed to a decade high 97.86%, eroding salaries and savings and causing Zimbabweans to fear a return to the hyperinflation of 2008 when the rate reached 500 billion per cent.

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Business News

South Africa’s Vodacom plans sale of operations in five African markets

The company plans sale of holdings in Angola, Nigeria, Ivory Coast and Zambia

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South Africa's Vodacom plans sale of operations in five African markets

Vodacom, a branch of Vodafone Group Plc and operators of mobile phone services in Africa is selling its Business Africa operations. This comprises holdings in Angola, Nigeria, Ivory Coast and Zambia.

The company’s Angolan holdings is being sold to Internet Technologies Angola (ITA) while Synergy Communication (SynCom) will take over its Nigeria, Zambia and Ivory Coast businesses. Synergy Communications will partner with major global cloud providers and deliver platform-based services to both multinationals and local enterprises

SynCom will be taking over 100 per cent holding of the three African markets subject to regulatory approvals. The acquisition will boost SynCom’s coverage as it already has presence in Botswana, Malawi and Mozambique.

Vodacom on its part, says the operations and assets of its affected Business Africa units will be acquired by the new partners on confidential terms. In the year ended March 31, enterprise service revenue contributed 23 per cent to group service revenue for Vodacom, with 77 per cent of the revenue coming from consumer service. Vodacom also affirms that the agreements were subject to regulatory approvals across relevant markets.

Vodacom Group CEO, Shameel Joosub, says “the company is not exiting any of the territories related to the transactions and remains focused on continuing to deliver exceptional service to our global and multinational clients in these markets through long-term commercial agreements”

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